Iridium, the world's first satellite handset service, is unsuccessful in its aim to make a global phone service for most users. High costs, poor demand and looming credit card debt payments, among the other setbacks, pushed the business into bankruptcy.
Iridium Satellite, a current industry led by chairman Dan Colussy, thinks it was considered by many specialists to be a brilliant technology, then again not necessarily one for which users would pay astronomical costs. Iridium's true bigger mobiles cost you as much as $3,000, with airtime fees of up to $7 per minute.
On the other hand, Iridium Sat wants to target industrial company markets, such as aviation and oil and gas exploration concerns, along with government buyers. The company last week signed a contract with the Pentagon to serve twenty thousand U.S. Defense Department employees over 2 years, which unveiled the way for the fulfillment of its addition to the obsolete Iridium's assets.
One major feature Iridium Satellite has over its predecessors is independence from the great deficit payments essential to account the $5 billion system. Iridium Satellite estimates it will cost you about $7 million for each month--including advertising and its contract with Boeing to handle the satellites--to work the system, executives said.
You'll find the reason why the satellite mobile phones seem to be so trusted and why you would want to rent a satellite phone rather than depending on unreliable average cell phone in these locations.
Iridium Satellite plans to release five satellites.
Both together from today's networks in Australia, Thuraya and Iridium, allow you to receive and send SMS from any of their satellite mobile phones.